Endava announced the acquisition of the Comtrade Digital Services business. CDS, with its headquarters in Dublin, Ireland and delivery centres across the Adriatic.
CDS is a provider of strategic software engineering services and solutions and serves clients predominantly in the European Union but also elsewhere in Europe and in the United States.
EU clients accounted for approximately 85% of CDS’s revenue for the calendar year 2019 with the remainder coming from non-EU Europe and the US.
The transaction is expected to be earnings enhancing in year one.
CDS works with big brands, including Raiffeissen and Addiko Bank in financial services, Paysafe Group in Payments, ConsenSys in TMT, Datalex, Aer Lingus, ADBSafegate and HRS in travel, Itron and STEM in energy, the Financial Administration of the Republic of Slovenia in Government.
The company has a highly skilled workforce with approximately 460 technical staff and delivery centres located in Slovenia, Serbia and Bosnia.